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Completing an Amortization Table (Straight Line) Richter Corporation sold $196,000 face value of bonds at 102 on January 1, 2024. These bonds have a 6%

Completing an Amortization Table (Straight Line) Richter Corporation sold $196,000 face value of bonds at 102 on January 1, 2024. These bonds have a 6% stated rate and mature in 4 years. Interest is payable on June 30 and December 31 of each year. Required: 1. Prepare a bond amortization table assuming straight-line amortization. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0". When required, round your answers to two decimal places. Richter Corporation Amortization Table Cash Interest Premium on Period (Credit) (Debit) Payment Expense Bonds Payable (Debit) Premium on Bonds Payable Carrying Balance Value At issue 6/30/24 12/31/24 6/30/25 12/31/25 6/30/26 12/31/26 6/30/27 6/30/25 12/31/25 6/30/26 12/31/26 6/30/27 12/31/27 2. Prepare the journal entry for December 31, 2025. If an amount box does not require an entry, leave it blank. 2025 Dec. 31 Record interest expense 88 3. Indicate how these bonds will appear in Richter's balance sheet at December 31, 2025. Richter Corporation Balance Sheet (partial) December 31, 2025 Long-term Liabilities

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